Anheuser-Busch InBev SA/NV

BUD Consumer Defensive Beverages Brewers

Anheuser-Busch InBev SA/NV’s revenue for fiscal 2025 (year ended December 2025) was $59.3 billion, down 0.75% from fiscal 2024.

Revenue
+9.11%
EPS
+88.7%
Free cash flow
+338.5%

Quarter to September 2026, against a year earlier

84.54 0.66 −0.77%
Market cap
$149.1B
P/E
16.4×
Fwd P/E
−9.7×
Dividend yield
1.58%
F-score
7/9
Altman Z
1.40
Beneish M
−2.47
Dividend safety
43/100

Anheuser-Busch InBev SA/NV (BUD) Free cash flow margin

Alert me on Free cash flow margin

Anheuser-Busch InBev SA/NV's free cash flow margin over the twelve months to 30 September 2026 was 0.00%, down 19.1 percentage points from fiscal 2025 (19.1%). Over the past ten years it has ranged from 11.7% (fiscal 2016) to 22.4% (fiscal 2015); the current reading is higher than 82% of that period. That is below the Beverages Brewers industry median of 9.70% and below the Consumer Defensive sector median of 1.51%.

Free cash flow margin, annual

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Annual newest first

Period Free cash flow margin Change (points)
FY2025 19.1% 0.16
FY2024 18.9% 4.15
FY2023 14.8% 0.15
FY2022 14.6% (2.49)
FY2021 17.1% 1.76
FY2020 15.4% (2.18)
FY2019 17.6% (0.57)
FY2018 18.1% (1.91)
FY2017 20.0% 8.29
FY2016 11.7% (10.70)

Against its own ten years

Low 11.7% High 22.4%
Ten-year median 17.6%
Current reading's percentile 82

Free cash flow margin against peers

Company Free cash flow margin
ABEV Ambev S.A. compare 22.6%
STZ Constellation Brands Inc compare 20.3%
TAP Molson Coors Beverage Company compare 10.8%
SAM The Boston Beer Company, Inc. compare 9.70%
CCU Compania Cervecerias Unidas, S.A. compare 4.55%
BUD Anheuser-Busch InBev SA/NV 0.00%
FMX Fomento Economico Mexicano S.A.B. de C.V. compare 0.00%
Beverages Brewers industry median 9.70%
Consumer Defensive sector median 1.51%
Market median 0.00%

What Free cash flow margin is

Free Cash Flow Margin tells an investor how much of each sale turns into cash the company keeps after paying for investment in its assets.

(Operating Cash Flow + Property, Plant, Equipment Change (Net) + Intangible Assets Change (Net)) ÷ Revenue

The full definition of Free cash flow margin →

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